Funding arb · Price arb /

GOOGL

RWAall GOOGL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0076%/8h= +8.4% APRpaid last 24h +0.041%

Price spread now: Bybit against Ondo Perps+0.137%7-day average +0.126% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Ondo Perps Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.048%+$5 · spread now +0.137%, 7d avg +0.126%

Together, before fees+0.069%+ Points / potential airdropOndo Perps: Active · farm board+$7 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.126%, so right now this pair is about funding alone: +$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Ondo Perps GOOGL-USD.P	356.51	0.0050	pay 0.0006% / 1h	34m 45s	$2.3M	$4.9M	15x
Short	Bybit GOOGLUSDT	357.00	0.0127	get 0.0127% / 8h	6h 34m	$11.6M	$7.4M	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Ondo Perps. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Ondo PerpsbpFee BybitbpOrdersPrice spread, now +0.137%Rate

Funding earned: $16.06
Price spread: +0.137% → +0.126%: $1.1
Slippage, 4 orders: no order book: not counted
Fee Ondo Perps: 2.5 bp × 2 orders: −$5
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: $1.17
Costs to cover: 0.160%
Break-even: 6.5 days

Slippage unknown: Ondo Perps: no order-book sample; Bybit: live order book, 3 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Ondo Perps no order-book sample	—	—	—	—	—
Sell Bybit live order book, 3 min ago	0.28 bp	6.7 bp −$7	9.8 bp −$98	doesn't fit	doesn't fit

Ondo Perps: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

GOOGL on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Deribit GOOGL_USDC-PERPETUAL	−0.0086%	1h	356.53	+0.006%	$23K	$153K	10x	as long as short
Hotstuff GOOGL-PERP	−0.0024%	1h	356.72	+0.059%	$33K	—	20x	as long as short
Coinbase International GOOGL-PERP-INTX	−0.0024%	1h	356.40	−0.031%	$529K	$1.1M	10x	as long as short
Nado GOOGL-PERP	−0.0002%	1h	356.65	+0.039%	$556K	$80K	20x	as long as short
Gate GOOGL_USDT	0.0000%	8h	356.78	+0.076%	$3.6M	$7.5M	100x	as long as short
Bitget GOOGLUSDT	0.0000%	8h	356.75	+0.067%	$16.9M	$9.2M	100x	as long as short
GRVT GOOGL_USDT_Perp	0.0000%	8h	356.73	+0.061%	$23K	$436K	10x	as long as short
SunX GOOGL-USDT	0.0000%	8h	356.77	+0.073%	$1K	$4.1M	20x	as long as short
HTX GOOGL-USDT	0.0000%	8h	356.95	+0.123%	$115K	$227K	30x	as long as short
Phemex GOOGLUSDT	0.0000%	4h	356.87	+0.101%	$2.7M	$67K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aftermath Perps GOOGLUSD	+0.0008%	1h	356.50	−0.004%	$144K	$51K	10x	as long as short
Variational Omni GOOGL	+0.0017%	8h	356.74	+0.064%	$4.7M	$2.4M	—	as long as short
Lighter RH GOOGL	+0.0032%	1h	356.89	+0.107%	$1.3M	$2.3M	20x	as long as short
Injective GOOGL/USDC PERP	+0.0033%	1h	357.12	+0.171%	$128K	$45K	30x	as long as short
QFEX GOOGL-USD	+0.0039%	1h	356.67	+0.045%	$1.3M	$4.5M	10x	as long as short
Arcus GOOGL-USD	+0.0040%	1h	356.54	+0.008%	$202K	$272K	10x	as long as short
Vest GOOGL-USD-PERP	+0.0046%	1h	356.89	+0.107%	—	$5K	25x	as long as short
tradeXYZ xyz:GOOGL	+0.0050%	1h	356.77	+0.073%	$98.7M	$22.3M	20x	as long as short
Polymarket Perps GOOG-USD	+0.0050%	1h	356.53	+0.006%	$683K	$433K	10x	as long as short
SoDEX GOOGL-USD	+0.0050%	1h	356.74	+0.065%	$158	$46K	10x	as long as short
Ondo Perps GOOGL-USD.Plong	+0.0050%	1h	356.51	long leg	$2.3M	$4.9M	15x
Lighter GOOGL	+0.0056%	1h	356.87	+0.101%	$2.1M	$1.2M	20x	as long as short
edgeX GOOGLUSDC	+0.0061%	4h	356.68	+0.046%	$209K	$1.2M	10x	as long as short
Paradex GOOGL-USD-PERP	+0.0062%	8h	356.84	+0.092%	$293	$253	5x	as long as short
Aster GOOGLUSDT	+0.0070%	8h	356.72	+0.058%	$365K	$458K	20x	as long as short
Extended GOOGL-USD	+0.0088%	1h	356.78	+0.075%	$421K	$1.8M	20x	as long as short
Phoenix GOOGL	+0.0090%	1h	356.62	+0.031%	$137K	$36K	20x	as long as short
Binance GOOGLUSDT	+0.0091%	8h	356.81	+0.084%	$72.7M	$141.4M	50x	as long as short
Pacifica GOOGL	+0.0100%	1h	356.61	+0.028%	$42K	$43K	10x	as long as short
KuCoin GOOGLUSDTM	+0.0100%	8h	356.43	−0.022%	$3.0M	$65K	20x	as long as short
ApeX Omni GOOGLUSDT	+0.0100%	1h	356.57	+0.017%	$22K	$10K	50x	as long as short
Orderly PERP_GOOGL_USDC	+0.0100%	8h	356.70	+0.053%	$10K	$10K	20x	as long as short
Aevo GOOGL-PERP	+0.0104%	1h	356.66	+0.042%	$25K	—	10x	as long as short
Bybit GOOGLUSDTshort	+0.0127%	8h	357.00	+0.137%	$11.6M	$7.4M	100x
OKX GOOGL-USDT-SWAP	+0.0183%	8h	356.94	+0.121%	$13.8M	$12.8M	50x	as long as short
BloFin GOOGL-USDT	+0.0215%	8h	356.47	−0.011%	$651K	$234K	20x	as long as short